Quote from: grifferz on March 17, 2014, 10:09:35 PM

Quote from: overunity on December 31, 2013, 07:16:05 PM

I wanted to start a business that accepts bitcoin but all the payment processors are eur or usd not one gbp based tool .

If you're wanting to sell stuff for bitcoins and you're a miner then presumably you don't mind holding bitcoins yourself, so why not just:

Offer the customer a spot price in BTC for a GBP equivalent.
Let them make the BTC payment.
Settle up the GBP amount with your business personally.
Take personal ownership of the BTC.

?

That is the model currently used by Individual Pubs Ltd, e.g. Pembury Tavern in East London.

You talk about customers making SEPA transfers though so perhaps I have misunderstood what you meant by "I want to start a business that accepts bitcoin"

Did you mean that there are no UK bitcoin exchanges for your customers to obtain bitcoin to pay you in?

If so, I agree, that is an issue.

Still, some UK people do buy on EUR exchanges.

Also some mine to get coins.

Also some buy at e.g. LocalBitcoins or in-person trades.

And it is a bit of a chicken and egg situation - increasing demand for bitcoins will help to build the case for a local exchange.

There was Intersango and Britcoin once up on a time. I understand they had banking difficulties and were forced to shut down.

I hear stories of UK banks being hostile to bitcoin businesses. At this point franky1 may jump in and rant at me again about how the banks are fine and only incompetents fail to work with them, although in that particular case I would happily accept incompetence as the real reason for their failure given who was behind those efforts.

Anyway, there being things to buy locally with bitcoins is just as important as there being ways to buy bitcoins locally.

Presumably you would allow customers to pay by both BTC and GBP anyway, right?

Its a while since my original post ,Yes my issue was that there is no were for my customers to easily get bitcoin but I think localbitcoins is the answer to that .
I have since made a website with a QR code on the home page so they can easily pay me .